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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2020
Accumulated Other Comprehensive Income Loss [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 14. Accumulated Other Comprehensive Income (Loss)

 

Changes in accumulated other comprehensive income (“AOCI”) by component are as follows:

 

(in thousands)

 

Cumulative

Foreign Currency Translation Adjustments

 

 

Unrecognized Net Actuarial Loss and Prior Service Credit, Net

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

Balance at December 31, 2019

 

$

(23,799

)

 

$

(11,900

)

 

$

(35,699

)

Other comprehensive loss before reclassifications

 

 

(18,374

)

 

 

 

 

 

(18,374

)

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

311

 

 

 

311

 

Net other comprehensive income (loss)

 

 

(18,374

)

 

 

311

 

 

 

(18,063

)

Balance at June 30, 2020

 

$

(42,173

)

 

$

(11,589

)

 

$

(53,762

)

 

(in thousands)

 

Cumulative

Foreign Currency Translation Adjustments

 

 

Unrecognized Net Actuarial Loss and Prior Service Credit, Net

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

Balance at December 31, 2018

 

$

(36,332

)

 

$

(11,643

)

 

$

(47,975

)

Other comprehensive income before reclassifications

 

 

9,097

 

 

 

 

 

 

9,097

 

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

148

 

 

 

148

 

Net other comprehensive income

 

 

9,097

 

 

 

148

 

 

 

9,245

 

Balance at June 30, 2019

 

$

(27,235

)

 

$

(11,495

)

 

$

(38,730

)

 

Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during each period presented. We recorded these costs as components of net periodic cost for each period presented. Refer to Note 17 – Pension and Postretirement Benefits for additional information.